Up to ₹1.5 Cr under premier-institute and abroad schemes
Collateral
Usually required above ₹7.5L
Tenure
Up to 15 years after moratorium
Moratorium
Course period plus 6 months
Processing fee
Scheme dependent; typically a fixed processing charge for abroad loans
Prepayment
Generally no prepayment penalty
Lender type
Bank
Loan products offered by SBI Education Loan
A breakdown of the loan structures this partner typically offers, who each one suits, the security expected and how the pricing compares. Your counsellor will confirm which product fits your course, institution and co-applicant profile.
Product 1
Global Ed-Vantage (overseas study)
Students going abroad for a full-time degree programme.
Typical amount
Large limits, typically ₹7.5L up to ₹1.5 Cr
Security expected
Tangible collateral with a co-applicant
Pricing
One of the lowest indicative bands in the market
Covers tuition, living costs, travel, insurance and equipment
Co-applicant income proof (ITR, salary slips, bank statements)
Fee structure from the institution
Collateral papers where applicable
Benefits
Competitive rates for secured cases
Interest concession options for girl students under some schemes
Tax benefit under Section 80E on interest paid
Considerations
Branch-level documentation can take longer
Collateral valuation adds to the timeline
Application process
Share your profile and shortlist the scheme
Submit documents for internal assessment
Branch or credit team verification
Sanction letter issued with terms
Loan agreement signing and margin payment
Disbursement to the institution as per fee schedule
EMI calculator for SBI Education Loan
Pre-filled with this lender's indicative starting rate. Adjust the amount, course duration and tenure to see the monthly instalment after your moratorium.
₹25 lakh
8.05% p.a.
2 years
6 months
10 years
Indicative starting rate for SBI Education Loan. Your sanctioned rate depends on your profile, collateral and the lender's spread.
This calculator is an estimate. It assumes a fixed rate and equal monthly instalments. Actual EMIs depend on your lender's rate reset policy, interest capitalisation method, fees and disbursement schedule.
Frequently asked questions
Rates, fees and terms are subject to lender policies, scheme changes and your applicant profile. ShikshaVahini does not guarantee approval or any specific rate.
Not sure which lender fits your profile?
Share your course, country and collateral position. A ShikshaVahini counsellor will walk you through realistic options.
